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1505 E Galer St
Seattle, WA 98112 Stevens

$1,425,000 USD

Apartments For Sale  •  2,960 SF

Property Details

  • Property Type Apartments
  • Total Building Size 2,960 SF
  • Lot Size 0.11 AC
  • Building Class C
  • Year Built 1958
  • Cap Rate 3.31 %
  • Zoning LR3 (M), Seattle
70 Transit Score
80 Walk Score

Highlights

Premier North Capitol Hill corner lot at 15th Ave E and E Galer St, directly across the street from Volunteer Park with its brilliant Olmstead design
Walkable location – transit served and within walking distance of South Lake Union job center
Classic mid-century design with excellent unit mix of 3 one-bedroom units and 1 two-bedroom unit
4 off-street parking spaces, on-site laundry, and storage
Townhome development opportunity – 4,640 SF, LR3- zoned parcel
Updated dual pane windows

Property Flyers

Financial Summary (Proforma)

Net Operating Income: $73,854 USD (2026)
Cap Rate: 3.31 %
Total Expenses: $32,776 USD

Amenities

  • Laundry Facilities
  • Storage Space
  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower
  • Double Pane Windows

Public Transportation

Commuter RailDriveWalkDistance
King Street (Seattle) Station (Sounder South Line - Central Puget Sound Regional Transit Authority Rail (Link Light Rail/Sounder)) 10 min - 3.0 mi
AirportDriveWalkDistance
Seattle-Tacoma International 29 min - 16.7 mi
Seattle Paine Field International 34 min - 22.1 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 4
Type: Surface
Included in Rent: Yes
Dan Swanson 425-444-6501 Kidder Mathews
Dan Swanson 425-444-6501 Kidder Mathews